IES Holdings, Inc. $IESC Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 729.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,285 shares of the technology company’s stock after buying an additional 9,924 shares during the quarter. SG Americas Securities LLC’s holdings in IES were worth $4,390,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in IES by 982.7% during the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after acquiring an additional 293,977 shares during the last quarter. Pertento Partners LLP purchased a new stake in shares of IES in the 2nd quarter valued at approximately $46,916,000. SG Capital Management LLC acquired a new position in shares of IES in the 3rd quarter worth approximately $38,609,000. Parsifal Capital Management LP purchased a new position in shares of IES during the 3rd quarter worth approximately $25,768,000. Finally, Swedbank AB boosted its position in shares of IES by 153.1% during the 3rd quarter. Swedbank AB now owns 81,000 shares of the technology company’s stock worth $32,210,000 after purchasing an additional 49,000 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on IESC shares. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Loop Capital set a $458.00 price objective on IES in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES currently has an average rating of “Buy” and a consensus target price of $458.00.

Insider Transactions at IES

In other news, Director Todd M. Cleveland sold 1,425 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $500.84, for a total value of $713,697.00. Following the sale, the director directly owned 78,089 shares in the company, valued at approximately $39,110,094.76. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 320 shares of IES stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $520.43, for a total value of $166,537.60. Following the completion of the transaction, the chairman owned 10,587,161 shares of the company’s stock, valued at approximately $5,509,876,199.23. This trade represents a 0.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 20,659 shares of company stock valued at $10,636,940. 56.43% of the stock is currently owned by company insiders.

IES Stock Performance

Shares of IESC stock opened at $483.85 on Thursday. The stock has a market capitalization of $9.64 billion, a P/E ratio of 28.78 and a beta of 1.67. The company has a 50 day moving average price of $469.75 and a 200 day moving average price of $426.20. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70.

IES (NASDAQ:IESC) last released its earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.23). IES had a return on equity of 35.62% and a net margin of 9.70%.The business had revenue of $870.96 million for the quarter, compared to analyst estimates of $876.00 million.

IES Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.